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economy already fallen into another recession. with more on this, american enterprise institute scholar and former u.s. treasury consultants. welcome to the show. great to have you here. ben bernanke speaking today -- >> very good to be here. >> thank you. gerri: the federal reserve chairman speaking today and said we are not in a recession. it is not likely we will be in recession. very optimistic. very beat. are you? >> no. i think we are probably losing momentum if we are not in a recession we are close to. the big problem is at the end of the year if we have not done something about the fiscal cliff we are going to be in recession very definitely. the rest of the world is slowing down as well. so certainlthe momentum is not good. whether the growth nber for the fourth quarter is a half a percent or three-quartersof% or zero it will feel pretty much the same. we will be close enough to recession to put some real pressure on the lame-duck congress to do something about that fiscal clef. gerri: motors recent in a poll, 60 percent
economy already fallen into another recession. with more on this, american enterprise institute scholar and former u.s. treasury consultants. welcome to the show. great to have you here. ben bernanke speaking today -- >> very good to be here. >> thank you. gerri: the federal reserve chairman speaking today and said we are not in a recession. it is not likely we will be in recession. very optimistic. very beat. are you? >> no. i think we are probably losing momentum if we are...
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Sep 26, 2012
09/12
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FBC
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their economy is hurting. the only thing that would help greece right now is if everybody showed up to tour the acropolis. so you don't want to tax everybody who might be coming to do just that. where am i going wrong with that? >> you're not. right now it is remarkable, airline tickets are the most heavily taxed consumer products out there. they pay 20% of every ticket is in the form of taxes. that is more than alcohol, tobacco and firearms which are things we're trying to, which are things that have sin taxes. so a definite loser for consumers. melissa: right. sean kennedy thanks so much for coming on. keep us updated on the european stupidity. >> thanks, melissa. melissa: visitors to the big apple take note, don't ever miss with a new yorker's taxi. details on the faux pas that caused this cab braille on a city street, coming up next. i kind of had this fight before myself but didn't get that violent. you can never have too much money or too many cabs. ♪ . melissa: we have the "a-team." we are joined by m
their economy is hurting. the only thing that would help greece right now is if everybody showed up to tour the acropolis. so you don't want to tax everybody who might be coming to do just that. where am i going wrong with that? >> you're not. right now it is remarkable, airline tickets are the most heavily taxed consumer products out there. they pay 20% of every ticket is in the form of taxes. that is more than alcohol, tobacco and firearms which are things we're trying to, which are...
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Sep 30, 2012
09/12
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economy are slowing down the global economy. she also talked about the fiscal cliff and the political climate in the united states as well as the role of central banks. this is about 1.5 hours. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> let me will commute to the peterson institute of international economics. christine hildegarlagarde, fromr prior position as minister of finance in france and continuing at the home of the imf. chief famously attended some of her high school in earlier days here in bethesda. she is a lawyer by training. she spent much of her career at baker and mckenzie, becoming chairman of they are global executive committee and then chairman of their global strategic committee in 2004. she then joined the french government in 2005, originally was minister for foreign trade and then minister for agriculture and fisheries for a brief time. then, in june 2007, she became the first woman to hold post of the minister of finance and economy of
economy are slowing down the global economy. she also talked about the fiscal cliff and the political climate in the united states as well as the role of central banks. this is about 1.5 hours. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> let me will commute to the peterson institute of international economics. christine hildegarlagarde, fromr prior position as minister of finance in france and continuing at the home...
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Sep 29, 2012
09/12
by
CNN
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the economy is not doing well. what's going on? >> the consumer confidence is taken from the third quarter, right? that was the second quarter. in the second quarter we had the drought and that was something that suppressed economic technology and it is going to be overcome. the question is, are people feeling a little bit better now as we get closer to the election because the economy isn't -- >> you're saying it's an anomaly. >> it's a rear view mirror indicator and now people are looking forward. you look at the polls over and over again and majority of people say feels bad now, but i think it's going to get better next year and optimism is something that counts in the economy and you're starting to get a little optimism and one reason i thank you guys is because this was an emergency for four years and now bad things about the economy have become chronic, not emergency any more. people in a weird way are getting used to the fact they have to lower their expectations. i keep saying that it's been four years, exa
the economy is not doing well. what's going on? >> the consumer confidence is taken from the third quarter, right? that was the second quarter. in the second quarter we had the drought and that was something that suppressed economic technology and it is going to be overcome. the question is, are people feeling a little bit better now as we get closer to the election because the economy isn't -- >> you're saying it's an anomaly. >> it's a rear view mirror indicator and now...
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Oct 2, 2012
10/12
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KRON
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it is part of the economy, so housing could be a nice component. once again we're not europe so we're ok here. >> let's talk about what's going on with chrysler. >> sales are up 12 percent, it's amazing what happens when you build some nice looking cars. >> later we will get ford, they're not totally immune but we will see automakers' having issues going into foreign markets. >> is that our strongest manufacturer, cars? >> there's been debate as to whether not apple will be part of this dispute. >> i am more interested in goebbels' tablet that is coming out later this fall. it will be a $99 tablet. they came out with a great tablet. amazon continues to come out with my staff cuts. >> how does google make a profit on a $90 tablet? >> apple will tell them it's all about the maps. mobile devices will make the money. them up there been a lot of problems with apple iphone 5. is this a problem? >> apple has a lot of insidious. enthusiasts. >> we will check back at 9:15 a.m. and check out the winners and losers on wall street. >> the big story, lots of he
it is part of the economy, so housing could be a nice component. once again we're not europe so we're ok here. >> let's talk about what's going on with chrysler. >> sales are up 12 percent, it's amazing what happens when you build some nice looking cars. >> later we will get ford, they're not totally immune but we will see automakers' having issues going into foreign markets. >> is that our strongest manufacturer, cars? >> there's been debate as to whether not...
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Sep 28, 2012
09/12
by
FBC
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>> again there are two economies. i think 80% of households are not better off. they have made no progress. they have still got jobless worries and their incomes haven't gone up and gone down if anything. but the top 20%, 4% unemployment, the stock market going up makes them wealthier. those 20% would tell you in a poll and polls show, this 20% of the people say yeah, things are better. but only 20. melissa: harry dent. always great. thank you. >>> fracking our way to a healthier environment? environmentalist says fracking boom is the cause of lowest carbon dioxide emissions in 20 years. he is here next to explain. fascinating stuff. >>> dire situation for many states. state workers are still making more money than people in the private sector. we have details from a revealing new report. more "money" coming up. ♪ . rachel quit the corporate grind to start her own interior design business. she's got a growing list of clients she keeps in touch with using e-mail marketing from constantcontact.com. constantcontact is easy and affordable. it lets her send out upda
>> again there are two economies. i think 80% of households are not better off. they have made no progress. they have still got jobless worries and their incomes haven't gone up and gone down if anything. but the top 20%, 4% unemployment, the stock market going up makes them wealthier. those 20% would tell you in a poll and polls show, this 20% of the people say yeah, things are better. but only 20. melissa: harry dent. always great. thank you. >>> fracking our way to a healthier...
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Sep 27, 2012
09/12
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MSNBCW
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they're behind on the economy, which was supposed to be president obama's weakness. so i think they're really in trouble in virginia. we've seen a slip on the part of the romney campaign since the convention, so whatever that convention bounces, it turned into a convention slide in virginia. we have a series of polls out now that show the gap widening between obama and romney. i think the romney campaign needs to find an opening, a gap to shoot in virginia on that issue. they need to press that gap. >> it's interesting you say that the spokesperson for the rnc in saz said obviously in 2008 we got our clock cleaned here and got caught flat foolted. we're just casting a real wide net in virginia. what do you make of that statement, professor? >> well, it may be a wide net, but it's not capturing anything. in the latest swing state poll, they're behind on every issue. i mean, the number one issue that the romney campaign was going to press against obama they're behind on, the economy. they're behind on national security. they're behind on dealing with the international
they're behind on the economy, which was supposed to be president obama's weakness. so i think they're really in trouble in virginia. we've seen a slip on the part of the romney campaign since the convention, so whatever that convention bounces, it turned into a convention slide in virginia. we have a series of polls out now that show the gap widening between obama and romney. i think the romney campaign needs to find an opening, a gap to shoot in virginia on that issue. they need to press that...
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Sep 30, 2012
09/12
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meant for the economy. i think most of the economic growth that has taken place is a result of ingenuity and hard work and entrepreneurship and that's the role of goverment to encourage that. in terms of in response to the question, no. >> can i comment on that? >> you may. >> you know, i think the american people deserve credit for the great economy that we have. it's their ingenuity, i agree with that. but you know, they were working pretty hard eight years ago. and now they had ingenuity eight years ago. the difference is we've got a new policy. and instead of concentrating on tax cuts mostly for the wealthy, we want -- i want tax cuts for the middle-class families and i want to continue the prosperity and make sure that it enriches not just a few but all of our families. we have gone from the biggest deficits to the biggest surpluses. we have gone from a triple-dip recession during the previous 12 years to a tripling of the stock market. instead of a high unemployment, we have the lowest african- americ
meant for the economy. i think most of the economic growth that has taken place is a result of ingenuity and hard work and entrepreneurship and that's the role of goverment to encourage that. in terms of in response to the question, no. >> can i comment on that? >> you may. >> you know, i think the american people deserve credit for the great economy that we have. it's their ingenuity, i agree with that. but you know, they were working pretty hard eight years ago. and now they...
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Sep 26, 2012
09/12
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CSPAN2
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the eurozone remains the greatest risk for the global economy today. as i said earlier on, the ecb move from two weeks ago with the omc was clearly a turning point. but the countries have to really work together much more cohesively in a much more coordinated manner and order together turned the corner. as you know, european union and the eurozone in particular are not the only threats on the horizon. the united states is also currently a threat. the immediate concern is, many of you know that, is that under the current law there would be a dramatic tightening equal to about 4% of gdp. that's what is, refer to as the fiscal cliff. and that is good. it entails a contraction of 2% of gdp, and that is not good at all, especially if you consider the forecast of growth of the united states is pretty much in the range of 2%. so that is a racing any growth in the united states, would be the consequence of not dealing with the fiscal cliff and not dealing with the debt ceiling, which are both looming threats on the very short-term horizon. and it's not a threa
the eurozone remains the greatest risk for the global economy today. as i said earlier on, the ecb move from two weeks ago with the omc was clearly a turning point. but the countries have to really work together much more cohesively in a much more coordinated manner and order together turned the corner. as you know, european union and the eurozone in particular are not the only threats on the horizon. the united states is also currently a threat. the immediate concern is, many of you know that,...
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Sep 27, 2012
09/12
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in the 21st century global economy. those communities that created will be the communities that thrive in our market economy. and those communities that do not will be the ones who fall behind. san antonio, i believe, needs to make a huge investment in education. that investment is not limited to more money. it also means getting parents involved. it also means expecting more from everybody along whole education ecosystem, from administrators to policy-makers to teachers come expecting more out of everyone. so what i have on the table in san antonio is basically a 1/8 cent sales tax that will cost the median household in the city $7.81 per year. mind you, every day in texas, it cost $359.81 to keep a juvenile incarceration. what we have on the table is the opportunity to educate more than 22,404-year-olds with -- 22,400 4-year-olds with high quality pre-k. >> i don't believe that taxes are inherently evil. >> that will be tweeted, by the way. [laughter] give them a second. [laughter] >> i do believe that taxes are inher
in the 21st century global economy. those communities that created will be the communities that thrive in our market economy. and those communities that do not will be the ones who fall behind. san antonio, i believe, needs to make a huge investment in education. that investment is not limited to more money. it also means getting parents involved. it also means expecting more from everybody along whole education ecosystem, from administrators to policy-makers to teachers come expecting more out...
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Oct 4, 2012
10/12
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CNBC
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don't tell me the economy is growing slower than when the president took office. that's not true. >> in the last year and the year before. the last three years is what i'm referring to. >> the last three years we've had growth. i agree the growth hasn't been strong enough. >> right. diana, do you think we could see a 75% tax rate here if, in fact, the president gets re-elected? would what's happening in france carry over here? is it the same ideology? >> no, because congress has to pass the tax rates over here. we have a congress. congress might let the rates go up to -- right now they're planning on letting them drop to 45%. when you add in state and local and some -- >> 39.6. what's five here or there. >> it's not 39.6. you have to add the medicare tax, the phase out of the personal exemption and standard deduction. that works out to around 44%. excuse me. >> okay, dpofolks. >> we're not going to get up to 75%. >> on that i agree. >> plus, our corporate tax rate is ten percentage points above that of our international competitors n competitors. that needs to be
don't tell me the economy is growing slower than when the president took office. that's not true. >> in the last year and the year before. the last three years is what i'm referring to. >> the last three years we've had growth. i agree the growth hasn't been strong enough. >> right. diana, do you think we could see a 75% tax rate here if, in fact, the president gets re-elected? would what's happening in france carry over here? is it the same ideology? >> no, because...
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Oct 1, 2012
10/12
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the iranian economy has been hit hard. it does have an effect on the economy. we must face the truth. sanctions have not stopped iran's nuclear program. according to the international atomic energy agency, during the last year alone, iran has doubled the number of energy uses in its underground nuclear facility. at this late hour, there is only one way to peacefully prevent iran from getting atomic bombs, and that is by placing a clear red line on iran's nuclear weapons program. [applause] red lines do not lead to war. they prevent war. look at nato's charter. it made clear that an attack on one member country would be considered an attack on all. red lines have helped keep the peace in europe for nearly half a century. and help preserve the peace for decades. it is the failure to place red lines that has often invited aggression. if it were drawn in the 1930's, world war ii might have been avoided. the first gulf war might have been avoided. clear, red lines will also work with iran. earlier this year, they threatened to close the strait. the united states dre
the iranian economy has been hit hard. it does have an effect on the economy. we must face the truth. sanctions have not stopped iran's nuclear program. according to the international atomic energy agency, during the last year alone, iran has doubled the number of energy uses in its underground nuclear facility. at this late hour, there is only one way to peacefully prevent iran from getting atomic bombs, and that is by placing a clear red line on iran's nuclear weapons program. [applause] red...
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Oct 1, 2012
10/12
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CSPAN2
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the cost general economies 77 scale and learning. called the learning curve and this is really the foundation of supply side economics. why when you cut taxes, which are just like a price, you reduce costs across the economy and allow the united states to expand the global share of the ever markets or enterprise and wealthy. that's why supply side economics works. it's not merely by balancing the budget or overcoming debt or one of these accounting gem micks that are often treated as conservative economics. it's opening the horizon to the economy to human creativity. and human creativity always comings as a surprise to us. you can't plan it. if you get k plan it, you wouldn't need it. >> can p mitt romney use the phrase politically supply side economics. i think he could if he says that he's reviving the reagan administration. the book was quoted more by -- president reagan most quoted author. he quotedded the book regularly throughout the administration. and reagan didn't balance the budget. he had actually during the reagan adminis
the cost general economies 77 scale and learning. called the learning curve and this is really the foundation of supply side economics. why when you cut taxes, which are just like a price, you reduce costs across the economy and allow the united states to expand the global share of the ever markets or enterprise and wealthy. that's why supply side economics works. it's not merely by balancing the budget or overcoming debt or one of these accounting gem micks that are often treated as...
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Sep 26, 2012
09/12
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CNBC
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eye 102
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despite fears about the economy, once we get past the presidential election it might be a good holiday shopping season. courtney reagan will have the latest on the numbers after the break. plus, good news for the auto industry. a key group of consumers coming back into the car market in a big way. the exclusive data is still ahead today on "power lunch." >> announcer: hey, follow us on twitter. @powerlunch. get breaking uh n ining news. find out what's coming up and everything else you need to know. [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive... but feel alive. the new c class is no exception. it's a mercedes-benz through and through. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. we create easy to use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! strategies, chains, positions. we put 'em all on one screen! could we
despite fears about the economy, once we get past the presidential election it might be a good holiday shopping season. courtney reagan will have the latest on the numbers after the break. plus, good news for the auto industry. a key group of consumers coming back into the car market in a big way. the exclusive data is still ahead today on "power lunch." >> announcer: hey, follow us on twitter. @powerlunch. get breaking uh n ining news. find out what's coming up and everything...
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remember, please the economy is at stall speed. unemployment 8%, and foreign policy in the middle east unravelling, little mention in the mainstream media. listen from the obama campaign team in advance of debate campaign spokeswoman, quote, what the american people are looking for is not just a professorial list of facts or accomplishments or even goals. obama has a tendency to give long substantive answers. simply, she is saying the president too smart for the average american. here is the washington examiner's reaction to that quote. worry about obama being too professor professorial to couch-sitting beer drinkers. the polls have him ahead and bill o'reilly is here to talk about the debate and how the media will spin it. all the names at the top of the hour. bill o'reilly. and talking to college student at university of michigan as part of the job creations solutions tour, and responded to the heckler. listen to this. >> this is the-- [crowd boos] . >> usa, usa. >> and that economy 25% of the world gdp. stuart: you want to hear
remember, please the economy is at stall speed. unemployment 8%, and foreign policy in the middle east unravelling, little mention in the mainstream media. listen from the obama campaign team in advance of debate campaign spokeswoman, quote, what the american people are looking for is not just a professorial list of facts or accomplishments or even goals. obama has a tendency to give long substantive answers. simply, she is saying the president too smart for the average american. here is the...
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Sep 29, 2012
09/12
by
CNN
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we live in a global economy. we can't change that. the best thing we can do to bring middle class america back is have economic growth. we won't have that until we have some kind of political leadership. i'm particularly talking about congress to set tax policies and get us out of this constant deficit. >> that's a very good point, why we brought up the fiscal cliff, quite frankly, you're seeing these little signs of life in the housing market, this fiscal cliff comes from elected officials. >>> don't go away, we will talk about the middle class itself and why your trip to the mall this weekend may be subsidizing your own demise. st plug is into, and your good driving can save you up to 30%. you could even try it without switching your insurance. why not give it a shot? carry on. now you can test-drive snapshot before you switch. visit progressive.com today. and the family car to do an experiment. we put a week of her family's smelly stuff all in at once to prove that febreze car vent clips could eliminate the odor. then we brought he
we live in a global economy. we can't change that. the best thing we can do to bring middle class america back is have economic growth. we won't have that until we have some kind of political leadership. i'm particularly talking about congress to set tax policies and get us out of this constant deficit. >> that's a very good point, why we brought up the fiscal cliff, quite frankly, you're seeing these little signs of life in the housing market, this fiscal cliff comes from elected...
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Sep 26, 2012
09/12
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FBC
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economy, the u.s. markets because of the fiscal cliff and other issues going the same way of greece and spain. do you still think that is a possibility? because it looks like the u.s. economy in small increments has been getting better. >> it is. but you've got to think about it logically, right? so the s&p 500 stocks, they're up 26% from where they were last year, right? now, here's where it gets interesting. this quarter, q3, analysts are expecting a 2.7% drop in earnings, but yet the market's march higher. i'm okay with this quarter, actually, i'm kind of okay with it. i think the economy's still a little bit in stall speed. here's why i have a problem. i have a problem in q4, analysts are expecting a jump of 9.5%, and in 2013 another jump of 13% over 2012. how are we going to get there? i don't see the catalysts, the real catalysts for this sort of growth. and here's why. margins are at an all-time high. companies can keep cutting costs, right? you can let go of employees, you can make your process
economy, the u.s. markets because of the fiscal cliff and other issues going the same way of greece and spain. do you still think that is a possibility? because it looks like the u.s. economy in small increments has been getting better. >> it is. but you've got to think about it logically, right? so the s&p 500 stocks, they're up 26% from where they were last year, right? now, here's where it gets interesting. this quarter, q3, analysts are expecting a 2.7% drop in earnings, but yet...
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and why you think it's not working well i don't think they're doing very much to mend the economy i think their policies of made things worse the sad fact is that the british economy has been shrinking slowly almost for a year now rather like a very slowly leaking balloon and the government of been trying in one or two small ways to give it a bit of a stimulus but i think they're quite new initiatives and it's too early to say how much effect they'll have but in general i don't think they will have very much effect and so i don't think at the moment they're doing anything very much to help because there's an awful lot of talk about prioritizing the economy and it's the main thing that we have to work on but then on the same time you say that not very much is being done at all one thing is that they're blaming everyone but themselves first of all it was it was the euro crisis then it was the high high commodity rise in commodity prices and so they claim that the policy of a stereo should bring about the recovery but that it's been derailed by these unfortunate acts shocks but the pol
and why you think it's not working well i don't think they're doing very much to mend the economy i think their policies of made things worse the sad fact is that the british economy has been shrinking slowly almost for a year now rather like a very slowly leaking balloon and the government of been trying in one or two small ways to give it a bit of a stimulus but i think they're quite new initiatives and it's too early to say how much effect they'll have but in general i don't think they will...
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how should be addressed the economy? >> one of the mistakes the romney campaign made in trying to blame the president for the economy when you look at the reality most americans believe george bush shares more responsibility because the president inherited a mess. if that is the perception of voters try to shake that perception when it is not working it is a problem. with respect to the president he has an advantage. doesn't get all the blame. it was a terrible fiscal crisis and terrible unemployment crisis. dennis: what is your bike to obama? >> the president needs to paint the picture and be clear about where we have been and where we are and where we are going. make it clear the future is brighter. dennis: i am sick of the president blaming the other guy for problems he helped create. what do you say? >> my furnace sauce going into this is romney has to state you have been the president for the last four years, not george w. bush. we came out of some real problems in 2008 but the economy was getting better. the admini
how should be addressed the economy? >> one of the mistakes the romney campaign made in trying to blame the president for the economy when you look at the reality most americans believe george bush shares more responsibility because the president inherited a mess. if that is the perception of voters try to shake that perception when it is not working it is a problem. with respect to the president he has an advantage. doesn't get all the blame. it was a terrible fiscal crisis and terrible...
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broadening divergences between the different economies. so we have to put the focus on. you know if you can but if it is a situation of did you feel in your area covers the pulpit of greece. that since we will join you. at the beginning of. your era. in terms of if. it was. not feasible in the future oriented way if a company. and huge. divergence is as far as you can only come but it is a skin cell so we have to focus both. consolidation on the improvement of the competitive situation of the states. kerry. as the press calls and we'll be back in a minute after we take the small banks out stay with us continue. the mission. critique a should be free. for chargers free. range month free. free. to tide free. download free broadcast quality video for your media projects free media and don hearty. good laboratory to mccurry was able to. building a new. mission to teach creation. this is why you should care only. british. market. find out what's really happening to the global economy with. the global financial headlines. and realized. welcome to the big picture. welcome back
broadening divergences between the different economies. so we have to put the focus on. you know if you can but if it is a situation of did you feel in your area covers the pulpit of greece. that since we will join you. at the beginning of. your era. in terms of if. it was. not feasible in the future oriented way if a company. and huge. divergence is as far as you can only come but it is a skin cell so we have to focus both. consolidation on the improvement of the competitive situation of the...
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Sep 30, 2012
09/12
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CSPAN
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we have restored much of our economy. with regard to business investment, it is higher than it has been since 1949. so, there seems to be no shortage of investment capital. we have, as i said, cut the taxes, but we have reduced inflation, and for 2 years now it has stayed down there, not at double digit, but in the range of 4 or below. we believe that we had also promised that we would make our country more secure. yes, we have an increase in the defense budget. but back then we had planes that couldn't fly for lack of spare parts or pilots. we had navy vessels that couldn't leave harbor because of lack of crew or, again, lack of spare parts. today we're well on our way to a 600-ship navy. we have 543 at present. we have -- our military, the morale is high. i think the people should understand that two-thirds of the defense budget pays for pay and salary, or pay and pension. and then you add to that food and wardrobe, and all the other things, and you only have a small portion going for weapons. but i am determined that i
we have restored much of our economy. with regard to business investment, it is higher than it has been since 1949. so, there seems to be no shortage of investment capital. we have, as i said, cut the taxes, but we have reduced inflation, and for 2 years now it has stayed down there, not at double digit, but in the range of 4 or below. we believe that we had also promised that we would make our country more secure. yes, we have an increase in the defense budget. but back then we had planes that...
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Oct 3, 2012
10/12
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what is says is our economy is not on track. president obama knows that and his message is, "give me four more years." the message from mitt romney is, "get out of here. you have had enough time." that will be a crucial issue. people are looking for those messages. guest: it tends to get lost. not blaming that on the financial mess. of course it will affect him and his political outlook and his vote if he has felt the sting of this recession and getting laid off. a lot of people have been out of work for a long time. some of the jobs may not be coming back. anybody from the romney camp may be looking for this caller. guest: lois romano was talking about the people that lost jobs mostly were white men. i think those are the votes that are in jeopardy. republicans have traditionally gone towards republicans anyway. he has the ability to capture your vote. host: lauren ashburn is the editor in chief of "daily download." howard kurtz is an adviser to the "daily download." guest: brand confusion. host: jimmy on our republican line. c
what is says is our economy is not on track. president obama knows that and his message is, "give me four more years." the message from mitt romney is, "get out of here. you have had enough time." that will be a crucial issue. people are looking for those messages. guest: it tends to get lost. not blaming that on the financial mess. of course it will affect him and his political outlook and his vote if he has felt the sting of this recession and getting laid off. a lot of...
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and it and it's going up because the economy is going down the economy is what provides the government with its income and if the economy is shrinking the income of the government shrinks of the same type and therefore the deficit rises and something like that has been going on so the policy can't even succeed in its own terms one of your colleagues an economist called james keane has suggested a scheme that he calls quantities if easing for the public saying that the debt that private individuals have needs to be reduced under the scheme he says that cash should be issued to individuals and those with debt would have to use it to pay that debt down and those without it would have a cas injection and it sounds like a great scheme and do you think it would work but well i've suggested this as well in an article in the new statesman last week yeah that's fine i mean if you put money in that into the hands of the people. and make sure they as you say spend it in one way or another. then i think that gives a boost to the economy because they could even increase their spending and therefore
and it and it's going up because the economy is going down the economy is what provides the government with its income and if the economy is shrinking the income of the government shrinks of the same type and therefore the deficit rises and something like that has been going on so the policy can't even succeed in its own terms one of your colleagues an economist called james keane has suggested a scheme that he calls quantities if easing for the public saying that the debt that private...
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Sep 30, 2012
09/12
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WJLA
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economy by not making a decision. american business is very good at makes money if they tell you the rules of the game. it is like you are playing the first half of the game but you don't know the rules the second half. what does everybody do? they wait and see. getting past that, a plan to bring the deficit down gradually and knowing the taxes over the next decade would be positive for the u.s. economy. i wish we could get there. >> i couldn't agree more. is infuruating. let's talk about residual damage. government defense contractors will have to lay off workers soon if there is no agreement because they are losing federal dollars of the federal programs that are going away. we will see more unemployment. the defense companies will have to notify workers in the next couple of weeks. how important is this? >> it is a tempory drag in t the economy. i honestly think of l of the things that will not happen is the chance of getting both unds of spending cuts, including the massive defense cuts is slight. i think it will
economy by not making a decision. american business is very good at makes money if they tell you the rules of the game. it is like you are playing the first half of the game but you don't know the rules the second half. what does everybody do? they wait and see. getting past that, a plan to bring the deficit down gradually and knowing the taxes over the next decade would be positive for the u.s. economy. i wish we could get there. >> i couldn't agree more. is infuruating. let's talk about...
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then there should be reforms not only economy but also in poverty in a democracy. thank you very much for this interview you're welcome. tucked in between the russian mainland japan and the suckling island is the island of minute on named after french seafarer who discovered it it is described as the pride of the sakhalin region we'll take a look at what's in store for us here. until two thousand and four the island was part of the boarders own and was completely restricted to visit to know this picture place is open to tourists unique plants and animals are its top attraction. to be has been exploring the deaths of the world seas for several decades but it's here at more your own island where he has finally found what he'd been looking for . the water here is very clear the visibility is very good and the underwater world here is extremely rich i've been to many diving locations across the planet including the island of bali on top of my list while some go to the cycling region to enjoy the sights others convert the islands nature's riches into a healthy dollar it
then there should be reforms not only economy but also in poverty in a democracy. thank you very much for this interview you're welcome. tucked in between the russian mainland japan and the suckling island is the island of minute on named after french seafarer who discovered it it is described as the pride of the sakhalin region we'll take a look at what's in store for us here. until two thousand and four the island was part of the boarders own and was completely restricted to visit to know...
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Sep 30, 2012
09/12
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that's deadly for the economy. getting past that, a plan to bring the deficit down gradually, knowing what taxes are going to be over the next decade would be tremendously positive for the u.s. economy. i wish we'd get there sooner rather than later. >> i cannot agree more. it is infuriating. let's talk about residual damage. government defense contractors will have to lay off workers soon if there's no agreement. you know, because they are losing those federal dollars of those federal programs that are going away, we're going to see more unemployment. the defense company will have to notify workers in the next couple of weeks. how important is this? >> well, it is a temporary drag on the economy. i honestly think of all the things that will not happen, starting january 1st, that the chances that we're going to get both rounds of spending cuts agree to last august, including massive defense cuts, i think is pretty slight. i think it will be rectified the next few months. it's terrible we have to put these businesse
that's deadly for the economy. getting past that, a plan to bring the deficit down gradually, knowing what taxes are going to be over the next decade would be tremendously positive for the u.s. economy. i wish we'd get there sooner rather than later. >> i cannot agree more. it is infuriating. let's talk about residual damage. government defense contractors will have to lay off workers soon if there's no agreement. you know, because they are losing those federal dollars of those federal...
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Sep 27, 2012
09/12
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the average american understands state of this economy. the banks on wall street monday doing good,. ashley: case in point. ohio, which is a very important swing state, if you look at their personal income since december 2007, it has risen a whopping 2.1%. in nearly five years. mr. obama has a lead not. >> yes, the pools are an open question. i don't buy it, but i'm not a professional pollster. i think we do raises another interesting point. which is what this administration promises, we did not promise certain things -- but he promised that he would have the deficit, and where are we? the deficit has doubled and the president said that he would reduce the cost of health care. that has gone on. ashley: the numbers are there. let's bring in our next guest. he talks about the need for economic patriotism. >> given how many times we have heard people from the left refer to economic patriotism,. that makes me nervous. that could kill jobs, make businesses suffer, here he is, running as a central part of a campaign message. running on something
the average american understands state of this economy. the banks on wall street monday doing good,. ashley: case in point. ohio, which is a very important swing state, if you look at their personal income since december 2007, it has risen a whopping 2.1%. in nearly five years. mr. obama has a lead not. >> yes, the pools are an open question. i don't buy it, but i'm not a professional pollster. i think we do raises another interesting point. which is what this administration promises, we...
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Oct 1, 2012
10/12
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romney's debate plan, clearly and concisely explain how he can fix the economy. >> i expect to be able to describe that in a way people will understand, and if they do, i get elected. >> reporter: his running mate, paul ryan, is already preparing for his own debate a week away. >> i really believe in the policies that we're providing, we're pursuing. and at the end of the day, i'm just going to go in there and be me. >> reporter: and if you can't control what actually happens in the debate, you certainly control what happens afterwards. the spin already in the planning. ryan's going to be with romney in virginia. the president is staying in colorado for a rally there. veronica? >> tracie, we appreciate it. thank you. >>> nato forces in afghanistan say three international service members and their translator were killed in a suicide bombing in the eastern part of the country this morning. this as the war in afghanistan reached a grim milestone sunday with a death of the 2,000th u.s. service member. nbc's chief foreign correspondent richard engel has the details. >> reporter: there has b
romney's debate plan, clearly and concisely explain how he can fix the economy. >> i expect to be able to describe that in a way people will understand, and if they do, i get elected. >> reporter: his running mate, paul ryan, is already preparing for his own debate a week away. >> i really believe in the policies that we're providing, we're pursuing. and at the end of the day, i'm just going to go in there and be me. >> reporter: and if you can't control what actually...
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Sep 27, 2012
09/12
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china's economy grew year after year. members of the olympic committee underscored the emergence when they named beijing host of the summer games. two years later, china passed japan to be the world's second largest economy. a chinese fishing collided with japanese patrol vessels in thes en kaku islands. the collision parked widespread protests and angered many japanese. a recent survey suggests animosities are running high. the poll put anti-chinese sentiment at 84%, a record high. 65% of chinese respondents expressed negative views of japan. >> those figures suggest they will be challenged to mend relations, but an expert said it may not be as difficult size it appears. >> japan and chiba have been close are than before. we have thousands of years of relationships, but now is the best in a sense that economic exchange and people to people exchange and the level of these things higher than ever. don't just focus on the negative aspects of things. there is great resilience in the relationship. >> internal changes in china
china's economy grew year after year. members of the olympic committee underscored the emergence when they named beijing host of the summer games. two years later, china passed japan to be the world's second largest economy. a chinese fishing collided with japanese patrol vessels in thes en kaku islands. the collision parked widespread protests and angered many japanese. a recent survey suggests animosities are running high. the poll put anti-chinese sentiment at 84%, a record high. 65% of...
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Oct 4, 2012
10/12
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it coincided with the release of a report called life in the valley economy. it showed that those in the middle and lower brackets had a drop in their median income of 3.2%, hitting the lowest point in 11 years. >> i think the purpose of this was to say we need to be inclusive in silicon valley. we need to have people that have a fair wage, a minimum wage, the right skills and be all in it together to be productive for the future. >> today's summit was organized by working partnerships usa, a group that describes itself as an independently social change organization. >>> the presidential debate now just moments away. we will carry it live when it begins. >> and thank you for trusting ktvu channel 2 news.
it coincided with the release of a report called life in the valley economy. it showed that those in the middle and lower brackets had a drop in their median income of 3.2%, hitting the lowest point in 11 years. >> i think the purpose of this was to say we need to be inclusive in silicon valley. we need to have people that have a fair wage, a minimum wage, the right skills and be all in it together to be productive for the future. >> today's summit was organized by working...
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Oct 3, 2012
10/12
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. >> wayland's top issue, the economy. >> that's going to be the thing for me. someone that comes forward with a cohesive plan for america and where america fits into that. >> both candidates have spent hours rehearsing for this moment. they'll face each other for 90 minutes. president obama has to avoid any major missteps and explain to voters why unemployment is so high and the economic recovery so slow. >> i think what you'll hear the president do tonight is have a conversation directly with the american people about where we have been over the past four years and what we have to continue to do moving forward to strengthen our economy. >> romney who is trailing in the polls will be looking for a breakout moment. and voters will be looking to hear more details about his plan to lower taxes and the deficit. >> i think that you'll hear a great deal of specifics and most importantly, you'll hear the contrast. the president's reforms haven't done enough to help the economy. >> both campaigns have gone through the motions of lowering expectations for tonight. but b
. >> wayland's top issue, the economy. >> that's going to be the thing for me. someone that comes forward with a cohesive plan for america and where america fits into that. >> both candidates have spent hours rehearsing for this moment. they'll face each other for 90 minutes. president obama has to avoid any major missteps and explain to voters why unemployment is so high and the economic recovery so slow. >> i think what you'll hear the president do tonight is have a...
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find out what's really happening to the global economy with. global financial headlines kaiser reports. see a story. you think you understand it and then. you hear or see some other part of it and realized ever. the thing is i don't know i'm tom hardy welcome to the big picture. welcome back to spotlight i'm al green of in just a reminder that my guest on the show today kerry the prime minister of luxemburg and a person who the press calls new stay here or or or the the year old boss well let's talk a bit about the e.u. russia relations after the summit the e.u. russia summit in june. some know this i've been saying that that the talks between russia and e.u. make little progress there the framework agreement is far from being signed so why can't the parties find common grounds for such a long term what will. you be. table all do it with. i do think that both sides russia and do a preview of you have to have a better understanding of the. existing no future of. this great nation russia. do. we have to improve or performances when it comes to th
find out what's really happening to the global economy with. global financial headlines kaiser reports. see a story. you think you understand it and then. you hear or see some other part of it and realized ever. the thing is i don't know i'm tom hardy welcome to the big picture. welcome back to spotlight i'm al green of in just a reminder that my guest on the show today kerry the prime minister of luxemburg and a person who the press calls new stay here or or or the the year old boss well let's...
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with twenty five percent unemployment there's this huge you know black market economy underground economy that has to get pulled back up as well they've got to be paying taxes so there's got to be you know reformed and whether you want to call it a stereo or not i think someone's got to go through and try and change the system which unfortunately is almost politically impossible right because it's so hard to get the votes to do that so i think we keep this limber lumbering around and you've got the banks at one side demanding their bailouts the people demanding their bailouts and at some point it's all going to give the actually less we are going to get is i can say with you and i think it's really interesting is that you know the people on the ground unemployed people see all the banks bailed out the financial sector bailed out politicians protected i mean i know it's very popular but people say now how about me but bail me out and i know i know that's nonsensical on many ways but i can understand how people feel that way. yeah and again i think that's why at least in spain they've got t
with twenty five percent unemployment there's this huge you know black market economy underground economy that has to get pulled back up as well they've got to be paying taxes so there's got to be you know reformed and whether you want to call it a stereo or not i think someone's got to go through and try and change the system which unfortunately is almost politically impossible right because it's so hard to get the votes to do that so i think we keep this limber lumbering around and you've got...
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Sep 28, 2012
09/12
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FBC
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. pettus. >> you might not believe this but as a kid i would have to explain a bad grade to my parents. i came up with duties. one time i said this teacher was ridiculously tough. trying to make lemonade i reminded my parents you should see the other kids in the glass. in college, i blamed the rhetoric -- ridiculous early start times at 8:00 in the morning. i like to point* fingers and make excuses. just like my weight condition is a thyroid issue. i like to eat. my dad would say i think it is still a d. he was right. it was a flop. take good durable goods orders they were bad. not awful but then they were still down. just like pending home sales dropped? you could blame the weather the sales were from loaded but they were not their last month. end of story. retailers blamed bad weather but do n
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. pettus. >> you might not believe this but as a kid i would have to explain a bad grade to my parents. i came up with duties. one time i said this teacher was ridiculously tough. trying to make lemonade i reminded my parents...
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Oct 2, 2012
10/12
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it extends -- we have a weak economy. what does it do? it extends the bush tax cuts and it lets the tax cuts for lower income working families expire. why would you let those that to, that ishave the highest pae buck to expire? but fundamentally, there is another issue here. as i have said, you do not go off a cliff into recession on january 2. but if you default, the hour -- a the reality is, if you were terrified about the economy there would have been a one-year extension of the debt limit the debt limit was a neck -- a mechanism to drive all spending cuts with no revenue increases. now that the issue was on the other foot there was an extension. there is a lack of parallelism where you approach the income tax cuts were there is a slow. >> diane, does there have to be this parallelism? >> i think there is a mixed in the 10-year window. obviously my favor a revenue heavy approach. that is not a secret. at 91% of the one-year fiscal cliff is revenue increases. the spending cuts are a small fraction of the size of the one- year cliff. i t
it extends -- we have a weak economy. what does it do? it extends the bush tax cuts and it lets the tax cuts for lower income working families expire. why would you let those that to, that ishave the highest pae buck to expire? but fundamentally, there is another issue here. as i have said, you do not go off a cliff into recession on january 2. but if you default, the hour -- a the reality is, if you were terrified about the economy there would have been a one-year extension of the debt limit...
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Oct 4, 2012
10/12
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WBAL
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. >> mitt romney and paul ryan can bring a healthy economy and sustainable budget. obama promised to cut the debt in half. he is not come near that. >> i think he and that really well. defended the fact. the hidden parts for a philip obama has gotten more of a word -- there ahve been parts where obama has gotten more words in. >> there are still two more debates before the election but the first one may have already held undecided voters request i am leaning towards mitt romney. the college democrats because republicans got together for tonight's event to make sure that all students were informed after this first debate. they also have diverter -- voter registration drive. >> new information about the death of a man in police custody. >> why your power bill could go up. >> a meningitis outbreak hits very close to home. the new information in tonight's medical alert. >> and warm temperatures are hanging around. so are a few showers. check out the forecast right now. 72 of >> we are following new developments to an investigation concerning the man who died after being
. >> mitt romney and paul ryan can bring a healthy economy and sustainable budget. obama promised to cut the debt in half. he is not come near that. >> i think he and that really well. defended the fact. the hidden parts for a philip obama has gotten more of a word -- there ahve been parts where obama has gotten more words in. >> there are still two more debates before the election but the first one may have already held undecided voters request i am leaning towards mitt...
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is a fifteen trillion dollar economy so one point six trillion dollars is about ten percent of that ok and so now you're saying that a deficit spending is essentially a tax who does this tax fall most most heavily on in the population even if those evenly on everybody and everyone and that's the problem with that there is no progress it would be to it it is a flat tax for all intents and purposes on every dollar of production because each dollar of credit currency is devalued and so you need more of them and yet your salary and your you know your other income typically doesn't go up so there is some ability to evade this of course the stock market is going up dramatically in the last four years but for the ordinary person who's out there trying to earn a wage it's an entirely different situation because their salary isn't going up at all and yet the cost of things like gasoline and heating oil is going to dramatically i mean so we have much talk right now about various taxes we have both candidates talking about their tax policies we have the fiscal cliff with the possible expiratio
is a fifteen trillion dollar economy so one point six trillion dollars is about ten percent of that ok and so now you're saying that a deficit spending is essentially a tax who does this tax fall most most heavily on in the population even if those evenly on everybody and everyone and that's the problem with that there is no progress it would be to it it is a flat tax for all intents and purposes on every dollar of production because each dollar of credit currency is devalued and so you need...
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simpson they were going in the white bronco like twenty miles an hour best a global economy there is a there is ben bernanke you talking in there everyone is like a slow speed car chase drone of you know boeing this guy ben bernanke who all you also say is. i'm not sure exactly what i'm talking about except that i'm i'm convinced that printing more money is the answer and so he just throws it out the windows and people go well you know oh yeah i can use. to collateralize one next job placement yeah it's a slow speed car chase but because as you say he's on bath salts he's injected bath salts into the banking system into the monetary system he thinks he's going like five hundred miles per hour like well going so fast. he's slowly crashing. out of me well don't you back of course as well go the way but all these other big money center banks are to big to fail banks are technically insolvent their liabilities are ten times greater than the equity their resale value was your own they've got nothing but a cartridge toner full of back there to crank out counterfeit collateralized obligatio
simpson they were going in the white bronco like twenty miles an hour best a global economy there is a there is ben bernanke you talking in there everyone is like a slow speed car chase drone of you know boeing this guy ben bernanke who all you also say is. i'm not sure exactly what i'm talking about except that i'm i'm convinced that printing more money is the answer and so he just throws it out the windows and people go well you know oh yeah i can use. to collateralize one next job placement...